Jeff Chowdhry, Chairman of RLC Ventures, on Tuesday said that he expects the current rally in the markets will go on for some time.

“For the time being at least, while we have this surge of liquidity and we have got now a Democratic President who is going to open the taps even more, I am afraid whether it is good or bad, but this party will go on for little while. It is no surprise to me that sectors which were being beaten up, areas in the market which have not done so well in the last few years, are now attracting attention for that particular reason,” he said in an interview to CNBC-TV18.

On emerging markets, Chowdhry said, “I see two themes for the next couple of years. One which we have not seen for a period of time is weakness in the dollar. This will conversely mean it is good for emerging markets. Emerging markets as an asset class have done pretty badly over the last 10 years relative to the US. I see that phenomenon changing. Second thing is that we had a period of oil price weakness and I suspect as oil prices recover and economies recover, there will be beneficiaries. So weak dollar, strong oil price, strong emerging markets and within that India will do well as flow of capital flows from developed markets into emerging markets.”

He believes that because of the strong oil price and weak dollar, companies like Reliance Industries will do very well.

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(Edited by : Bivekananda Biswas)